Horizontal Line at High, Low, and Mid Point

[SHJ]

Hi Team,

Can somebody help me with a MTF script that plots a horizontal line at the HIGH, LOW, and MID POINT of Candle[1] and get the horizontal lines extended to Candle[-4] only?

 

[Joshua]

Every candle on the chart is going to be Candle[1]. The only exception is the right most bar, but even then, only until a new bar opens. It seems you would need some sort of condition to initiate the process, unless, perhaps, you only want it to appear on the latest grouping of bars on the edge of the chart?

I get the impression that the answer to your question is probably very easy, but I am struggling to make sense of the question itself. Would it be possible for you to take a screen shot of a chart, and draw on it what you're talking about?

 

[halcyonguy]

Hi Team,

Can somebody help me with a MTF script that plots a horizontal line at the HIGH, LOW, and MID POINT of Candle[1] and get the horizontal lines extended to Candle[-4] only?

i try to start with the simplest version first.
so my first version is not a MTF version

enter a number (bars back) for an offset from the last bar, to pick the start bar.
enter a number for an offset from last bar to some bar placeholder after the last bar, that will be where the lines end.

#hi_lo_mid_from_barx
#https://usethinkscript.com/threads/horizontal-line-at-high-low-and-mid-point.21496/
#Horizontal Line at High, Low, and Mid Point

def na = Double.NaN;
def bn = BarNumber();

def chartagg = GetAggregationPeriod();
input agg = AggregationPeriod.HOUR;
def aggmin = agg / 60000;


input bars_back = 1;
#def bb = !IsNaN(close[-(bars_back - 1)]) and IsNaN(close[-bars_back]);
def bb = !IsNaN(close[-(bars_back - 0)]) and IsNaN(close[-(bars_back + 1)]);
def rng1 = !IsNaN(close) and IsNaN(close[-bars_back]);

input bars_forward = 4;
def rng2 = !IsNaN(close[bars_forward]) and IsNaN(close);

def x = rng1 or rng2;


def hi;
def mid;
def lo;
if bn == 1 then {
    hi = 0;
    mid = 0;
    lo = 0;
} else if bb then {
    hi = high;
    mid = (high + low) / 2;
    lo = low;
} else if x then {
    hi = hi[1];
    mid = mid[1];
    lo = lo[1];
} else {
    hi = 0;
    mid = 0;
    lo = 0;
}


plot z1 = if hi > 0 then hi else na;
plot z2 = if mid > 0 then mid else na;
plot z3 = if lo > 0 then lo else na;
z1.SetDefaultColor(Color.LIGHT_GRAY);
z2.SetDefaultColor(Color.LIGHT_GRAY);
z3.SetDefaultColor(Color.LIGHT_GRAY);

#------------------------------

input test1 = no;
AddVerticalLine(test1 and bb, "-", Color.CYAN);

input test2 = no;
AddVerticalLine(test2 and rng1, "-", Color.BLUE);

input test3 = no;
AddVerticalLine(test3 and rng2, "-", Color.GREEN);

#

 

[SHJ]

i try to start with the simplest version first.
so my first version is not a MTF version

enter a number (bars back) for an offset from the last bar, to pick the start bar.
enter a number for an offset from last bar to some bar placeholder after the last bar, that will be where the lines end.

#hi_lo_mid_from_barx
#https://usethinkscript.com/threads/horizontal-line-at-high-low-and-mid-point.21496/
#Horizontal Line at High, Low, and Mid Point

def na = Double.NaN;
def bn = BarNumber();

def chartagg = GetAggregationPeriod();
input agg = AggregationPeriod.HOUR;
def aggmin = agg / 60000;


input bars_back = 1;
#def bb = !IsNaN(close[-(bars_back - 1)]) and IsNaN(close[-bars_back]);
def bb = !IsNaN(close[-(bars_back - 0)]) and IsNaN(close[-(bars_back + 1)]);
def rng1 = !IsNaN(close) and IsNaN(close[-bars_back]);

input bars_forward = 4;
def rng2 = !IsNaN(close[bars_forward]) and IsNaN(close);

def x = rng1 or rng2;


def hi;
def mid;
def lo;
if bn == 1 then {
    hi = 0;
    mid = 0;
    lo = 0;
} else if bb then {
    hi = high;
    mid = (high + low) / 2;
    lo = low;
} else if x then {
    hi = hi[1];
    mid = mid[1];
    lo = lo[1];
} else {
    hi = 0;
    mid = 0;
    lo = 0;
}


plot z1 = if hi > 0 then hi else na;
plot z2 = if mid > 0 then mid else na;
plot z3 = if lo > 0 then lo else na;
z1.SetDefaultColor(Color.LIGHT_GRAY);
z2.SetDefaultColor(Color.LIGHT_GRAY);
z3.SetDefaultColor(Color.LIGHT_GRAY);

#------------------------------

input test1 = no;
AddVerticalLine(test1 and bb, "-", Color.CYAN);

input test2 = no;
AddVerticalLine(test2 and rng1, "-", Color.BLUE);

input test3 = no;
AddVerticalLine(test3 and rng2, "-", Color.GREEN);

#

Thank you so much, @halcyonguy! This is powerful and, if you can make it MTF, it will be even better. I am visualizing it as a "rolling" indicator that immediately gives a frame of reference for price action in relation to Candle[1]. Then, if the frame of reference is set at a higher TF, it will be easier to understand the development of price action at the lower TF.

 

[SHJ]

Every candle on the chart is going to be Candle[1]. The only exception is the right most bar, but even then, only until a new bar opens. It seems you would need some sort of condition to initiate the process, unless, perhaps, you only want it to appear on the latest grouping of bars on the edge of the chart?

I get the impression that the answer to your question is probably very easy, but I am struggling to make sense of the question itself. Would it be possible for you to take a screen shot of a chart, and draw on it what you're talking about?

@Joshua, thank you for looking into this, too!

 

[SHJ]

i try to start with the simplest version first.
so my first version is not a MTF version

enter a number (bars back) for an offset from the last bar, to pick the start bar.
enter a number for an offset from last bar to some bar placeholder after the last bar, that will be where the lines end.

#hi_lo_mid_from_barx
#https://usethinkscript.com/threads/horizontal-line-at-high-low-and-mid-point.21496/
#Horizontal Line at High, Low, and Mid Point

def na = Double.NaN;
def bn = BarNumber();

def chartagg = GetAggregationPeriod();
input agg = AggregationPeriod.HOUR;
def aggmin = agg / 60000;


input bars_back = 1;
#def bb = !IsNaN(close[-(bars_back - 1)]) and IsNaN(close[-bars_back]);
def bb = !IsNaN(close[-(bars_back - 0)]) and IsNaN(close[-(bars_back + 1)]);
def rng1 = !IsNaN(close) and IsNaN(close[-bars_back]);

input bars_forward = 4;
def rng2 = !IsNaN(close[bars_forward]) and IsNaN(close);

def x = rng1 or rng2;


def hi;
def mid;
def lo;
if bn == 1 then {
    hi = 0;
    mid = 0;
    lo = 0;
} else if bb then {
    hi = high;
    mid = (high + low) / 2;
    lo = low;
} else if x then {
    hi = hi[1];
    mid = mid[1];
    lo = lo[1];
} else {
    hi = 0;
    mid = 0;
    lo = 0;
}


plot z1 = if hi > 0 then hi else na;
plot z2 = if mid > 0 then mid else na;
plot z3 = if lo > 0 then lo else na;
z1.SetDefaultColor(Color.LIGHT_GRAY);
z2.SetDefaultColor(Color.LIGHT_GRAY);
z3.SetDefaultColor(Color.LIGHT_GRAY);

#------------------------------

input test1 = no;
AddVerticalLine(test1 and bb, "-", Color.CYAN);

input test2 = no;
AddVerticalLine(test2 and rng1, "-", Color.BLUE);

input test3 = no;
AddVerticalLine(test3 and rng2, "-", Color.GREEN);

#

@halcyonguy, could you please inform if you had a chance to get the script above formatted to MTF?